First Niagara Financial Group

Skyrocketing rents and shrinking inventory make Boston one of the most expensive cities in the nation. That’s enough of a reason for renters to hunt for more affordable housing options outside The Hub—and for developers to respond to the demand.

First Niagara’s Commercial Real Estate Group provided a $4.35 million construction loan to North to South Development for the renovation and conversion of the former Woolworth Store building on East Main Street in Riverhead, N.Y., into 19 affordable rental apartments and ground-level retail.

Continental Realty Advisors’ David Snyder discussed investment opportunities in markets such as Las Vegas, ways to maximize returns and why in-depth research is essential to expertly deploying capital.